Growth in profits for financial firms
28 August 2012
Profitability of companies in the financial services industry rose at its fastest rate for three years in the last quarter of 2003, according to a survey by the CBI and PwC.
Overall profitability in the sector rose at its fastest rate since September 2000 and is expected to continue to rise during the next three months.
The survey, by the Confederation of British Industry (CBI) and PricewaterhouseCoopers (PwC), found that 39 per cent of financial service firms in the UK experienced a rise in business volume at the end of 2003, with...